The financial statements of the Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) showed a decline in the company's profits in the first nine months of this year by 8.1% on an annual basis.
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According to the company's results for the Abu Dhabi Stock Exchange, today, Wednesday, profits for the period amounted to 1.581 billion dirhams, compared to 1.721 billion dirhams in the first nine months of 2019.
The company revealed that basic profits during the first nine months of the year 2020 before deducting interest, tax, depreciation and amortization amounted to AED 2.554 billion, while the total value of liquidity at the end of the period reached About 6.8 billion dirhams.
The company's profits in the third quarter of this year increased by 22%, to reach 671 million dirhams, compared to the profits of the same period last year of 549 million dirhams. / p>
and the basic earnings before deduction of interest, tax, amortization and amortization during the third quarter were 1.132 billion dirhams, and free cash flow also witnessed a strong performance during the third quarter.
The quantities of fuel sold during the third quarter increased by 24% compared to the previous quarter.
